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Monday, March 24, 2008

GMR INFRA unlocking its Value

With an eye on emerging opportunities in infrastructure globally, the Bangalore-based GMR Infrastructure has established International Business Division (IBD) with headquarters in London. The mandate for IBD is to scout for projects in Europe, North Africa, the Gulf and ASEAN regions in the areas of airport development, energy and highway projects. The company, which had taken a decision last year to expand globally, had clinched the bid for expansion of Sabiha Gokcen airport in Istanbul after grueling 14-hour tender process in July 2007. The airport would be handed to the GMR-led consortium to take care of its operations and expansion in the next two months. GMR Infra is going to handle baggage and ground-handling at the airport.

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